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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Montrose in Houston, Texas

Reported by Meg & Jim Zoller of The Zoller Group, REALTOR

Updated May 24, 2012.

Current Market Rating: 5



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Buyer's

Seller's

Current Price Trend: 3




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Falling

Rising

Based upon information gathered from the Houston Association of Realtors there were 22 single family homes sold in the month of April 2012 in the Montrose market area ranging in price from $270,000 to $990,000 for an average price per square foot of $192.48. There were 25 town house/condos sold in the Montrose market area during this same period with prices ranging from $152,000 to $509,000 for an average of $144.51 per square foot.

Currently there are 61 active available single family homes for sale in Montrose with list prices ranging from $249,900 to $1,549,000 and 27 properties option pending, pending continue to show and pending sale. There are 69 active available town house/condos in the Montrose market area with prices ranging from $80,500 to $659,900 and there are 36 properties in various stages of the pending process.

Montrose market area residents continue to enjoy stable property values as reflected in the following data provided by the Houston Association of Realtors. There were 9 single family homes sold in October 2011 with prices ranging from $313,500 to $1,296,000; averaging $199.03 per square foot. There were 11 town house/condos sold in the Montrose market area during this same period with prices ranging from $107,900 to $460,400 for an average of $147.33 per square foot.

Montrose market area residents continue to enjoy stable property values as reflected in the following data provided by the Houston Association of Realtors. There were 8 single family homes sold in September 2010 with prices ranging from $310,000 to $505,000; averaging $170.26 per square foot. There were 11 town house/condos sold in the Montrose market area during this same period with prices ranging from $65,000 to $582,000 for an average of $150.39 per square foot.



ZIP Codes: 77002, 77006, 77007, 77019, 77098

Approximate Location Boundaries: Montrose subdivision is generally bound by Highway 59 to the south, Allen Parkway to the north, Bagby Street to the east and Shepherd to the west; Montrose market area boundaries expand beyond the subdivision.

Location Characteristics: Originally pronounced as if it were two words, that is, "Mont Rose", Montrose is generally bound by Highway 59 to the south, Allen Parkway to the north, Bagby Street on the east and Shepherd to the west. The Museum District is located in the southern part of Montrose and many bars & restaurants, thrift/vintage/second-hand shops, eclectic boutiques and small galleries maintain the unique flavor of this part of the city.
Initially envisioned as a planned community and/or streetcar suburb and dating back to the early 20th Century, Montrose comes with the most distinctive character of eccentricity and diversity in Houston. It is one of the prettiest areas with renovated mansions, bungalows with wide porches and cozy cottages lining shady boulevards where people can walk and cycle easily. There is even a small pocket of homes called Courtland Place where all of the houses are listed in the National Historic Registry. Other surrounding neighborhoods include Westmoreland, Avondale and Cherryhurst, all generating a Southern, cozy atmosphere. Townhouse/Condos and Lofts are very prevalent in the Montrose area as well.


For More Information:

View Market Conditions of other areas served by Meg & Jim Zoller of The Zoller Group

Navigate: Top > Texas > Houston > Montrose

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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